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Gagglescape tracks the flow of venture capital and angel investment in a global economy.
MESH Conference Day 2 - Keynote Conversation: The Future of Marketing
![]() Stuart MacDonald talks with Steve Rubel of Edelman and Micropersuasion.com This is a summary of a much longer discussion. SM: How is blogging impacting the practice of Public Relations? SR: It allows PR firms to have a closer relationship with people. In fact, they have to. SM: Richard Edelman, the son of the founder, has bet the farm on blogging and other ideas around consumer self-organization. Peers are the most trusted source of authority when people look for recommendations. SR: Advertising is still working though. The question is how dollars are slipping away from TV. Marketing isn't dying, PR isn't dying but new disciplines are evolving. SM: Is the industry fearful of these changes. SR: There is a lot of fear but there are also success stories - they need numbers and proofs. SM: How can you tell who is credible? SR: The community will tell us who is credible - links are the benchmark. The community does a good job of self-monitoring. There is an inclination to go with numbers but it is not a numbers game. It's like a "T" with the horizontal bar being the overall audience but the vertical element a much smaller but more important structure to the whole. It is a different model. SM: What's got to happen for the agency world to get them to wake up to this demand? SR: They are beginning to get it - they have to understand that narrow or niche is good. We learn as we go. Audience: Are blogs impacting the executive suite? SR: Not by direct blog post but by the subsequent press coverage. SM: MySpace doesn't register in the general discussion Canada. SR: Look at social-networkinng in general - look for the centres of gravity. What are the terms of service for that community. How (...read more...)
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Posted by the editor on 05/16
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